New York Banking Law Article 5-B - LICENSE FOR A FOREIGN BANKING CORPORATION TO MAINTAIN A REPRESENTATIVE

• 221-a - Doing Business Without License Prohibited.
  1. No person, co-partnership, association, corporation or other entity shall establish, maintain or use one or more offices in this state as the representative of...
• 221-b - Definitions.
  1. Banking institution. The term "banking institution", when used in this article, shall mean any entity authorized by its charter to accept deposits and to...
• 221-c - Application for License; Fees.
  The application for such license shall be in writing under oath and shall contain the information required by and be in the form prescribed by...
• 221-d - Conditions Precedent to Issuing License; Procedure Where Application Denied.
  Upon the filing of an application for a license, if the superintendent shall find that the financial responsibility, experience, character, and general fitness of the...
• 221-e - License Provisions.
  Each license issued under this article shall state the address or addresses at which a representative is to be located and shall state fully the...
• 221-f - Grounds for Suspension or Revocation of License; Procedure.
  1. The superintendent may revoke any license issued hereunder if it shall be found that: (a) The licensee or its representative has violated any provision...
• 221-g - Superintendent Authorized to Examine; Expenses.
  For the purpose of discovering violations of this article or securing information lawfully required by him hereunder, the superintendent may at any time, and as...
• 221-h - Licensee's Books and Records; Reports.
  A foreign banking corporation licensed pursuant to this article shall keep or cause each of its representatives to keep and use such books, accounts and...
• 221-i - Notice of Acquisition of Control or Merger.
  1. A foreign banking corporation licensed pursuant to this article to maintain a representative office in this state shall file with the superintendent a notice,...
• 221-j - Authority of Superintendent.
  The superintendent is hereby authorized and empowered to promulgate, in addition hereto and not inconsistent herewith, such general rules and regulations, definitions, and such specific...
• 221-k - Separability of Provisions.
  If any provision of this article, or the application of such provision to any person, entity or circumstance, shall be held invalid, the remainder of...

Last modified: February 3, 2019